9 Tips for First-Time Homebuyers Looking to Purchase New Construction
28 Apr 2023Are you thinking of buying a new construction home? Would you like to enjoy the benefits of being the first owner of your home? Buying a new construction home can be a very rewarding experience, but it also involves a series of steps and decisions that you should take into account. Therefore, at ProCare Estates, we want to help you make your buying process as easy and safe as possible.
We will give you 9 practical tips so that you can buy your new construction home with total confidence and guarantee. Take note!
1. Define your budget and your needs
Be clear on how much money you can and want to spend, and what type of home best suits your needs and preferences. This way you can filter the available options and focus on those that interest you the most.
2. Choose the ideal location and orientation
Take into account aspects such as the distance to the urban center, the available services, public transportation, the natural environment, the noise level, or the security. In addition, the orientation of the home also influences thermal comfort, natural lighting and energy consumption.
3. Learn about the promoter and the project
Make sure that the promoter is a solvent company, with experience and a good reputation in the sector. Also, check that the project has all the necessary permits and licenses, and complies with current regulations.
4. Visit the show home or the construction site
Personally visit the new construction homes that you like, to check their condition and characteristics. If the home is already finished or in an advanced stage of construction, you can see it directly. If it is still in the project or in the initial phase of construction, you can visit the show home or the plot where it will be built.
5. Know about additional expenses
In addition to the price of the home, you must take into account other additional expenses that you will have to face when buying a new construction home. These expenses include taxes such as VAT or AJD, insurance such as ten-year or home insurance, and maintenance fees such as the community of owners or the IBI. Find out how much these expenses are and plan your budget accordingly.
6. Take advantage of the guarantees
When buying a new construction home, you are entitled to guarantees that protect you against possible defects that the home may have. These guarantees are 1 year for finishes, 3 years for installations and 10 years for structural damages. Make sure you know all the guarantees offered by the builder and take advantage of those you can, claiming any damage or non-compliance you detect.
7. Obtain legal advice
Make sure to obtain legal advice before buying a new construction home. A lawyer can help you understand the terms of the contract and protect you against any legal issues. At ProCare Estates, we have a network of reliable lawyers with expertise in various areas in the Costa Blanca.
8. Work with a real estate agent
Buying a new construction home can be a complex and stressful process that involves many procedures and decisions. Therefore, it is convenient to work with a real estate agent who will accompany you and advise you at all times. A real estate agent can facilitate the search for the right home, negotiate the price and conditions with the promoter, manage the documentation and taxes, and solve any legal issues that may arise.
This way, you will save yourself a lot of trouble and you can buy your new construction home with total peace of mind and confidence.
9. Enjoy your new home!
Finally, after having followed all these steps, you can feel proud of having fulfilled your dream.
Ready to own your own new construction home? At ProCare Estates, we specialise in the Costa Blanca
At ProCare Estates we are committed to making the purchase of your new home a satisfying and hassle-free experience. We know that acquiring a new construction home can be a complicated and stressful process, but our team of experts is here to guide you every step of the way.
We offer a wide range of services including property search, lawyers, legal advice, plan review, Notary signing and much more. We work closely with trusted builders with a long history in the real estate industry to ensure that we offer you the best options for your investment.
If you are looking for a new construction home in the Costa Blanca South, do not hesitate to contact us:
- Telephones: +34 865 661 012 | +31 (0)6 5050 3340
- Email: contact@procareestates.com
- Office: Av. Del País Valenciá 58 – Guardamar del Segura - CP 03140 (Alicante)